Cost averaging down is used in many investments BUT can lead to hopeless overexposure to one investment.
http://www.marketwatch.com/story/fed-seen-unveiling-qe3-bond-plans-by-summer-2012-01-06 Traditionally the US economy pulls up for a presidential election - the incumbent spends to get back in.
Except that at the casino you are betting against the random chance of the wheel. Here you are betting against a whole lot of other people looking at charts.
I'm waiting for Mr. Sprott to enter the casino before getting excited about a price explosion. He's a smart guy, demand for PSLV is solid and he has yet to pull the trigger. When he does decide to go big...look for the "boom$50" thread to follow shortly thereafter.
The signal to noise ratio with market predictions is so bad that it's a waste of time even looking at them.
2000 http://www.libertycoinservice.com/images/stories/lcsnewsletter/2000/july.pdf 2007 http://www.moneyteachers.org/Silver+Explosion.html 2007 http://www.marketoracle.co.uk/Article349.html 2007 http://www.moneyweek.com/investment...gems/why-the-silver-price-is-ready-to-explode 2008 http://seekingalpha.com/article/99411-silver-could-explode-says-analyst 2009 http://www.resourceinvestor.com/News/2009/4/Pages/Are-silver-and-gold-ready-to-explode-.aspx 2010 http://www.expectedreturnsblog.com/2010/09/is-silver-ready-to-explode.html 2010 http://www.austinreport.com/WordPress/archives/4256 2010 http://standstrongresearch.com/this-is-why-silver-is-going-to-explode/ 2011 http://www.youtube.com/watch?v=vT-aTq2dxvY That's a f&ck of a lot of explosions about to happen [youtube]http://www.youtube.com/watch?v=z_ALiItm3iY[/youtube]
... aaaannnd one year and eight months on we are still waiting, hopefully this is the year. ... lol :/
Was about to say is that only how long you've been waiting... and then saw post #33. <------SIDEWAYS----->
I've been drinking beer and working on a formula for awhile. I feel I'm getting close, what you think?